South Carolina Data and Stories

State Fact Sheet

Map of Selected Projects in South Carolina

Community Testimonials

New Market Tax Credits are an important tool for incentivizing high-quality community economic development in underserved areas.

-Cynthia Rourk, CLIMB Fund, Charleston, SC

Selected Projects in South Carolina

Spartanburg Community College Downtown Campus

Spartanburg,
SC
(2012)

College or Vocational Training, Community, Historic Rehabilitation

CDE(s): Grow America, Wells Fargo

Spartanburg Community College renovated a vacant historic building, originally a local high school, into a new Downtown Campus.

DV Timber

Darlington,
SC
(2012)

Timber and Agriculture

CDE(s): CEI Capital Management

NMTC financing for a manufacturing expansion in Darlington County and bring an estimated 50 jobs to the area.

Project ONE

Greenville,
SC
(2012)

Community, Daycare and Early Childhood, Mixed-use, Youth and Families

CDE(s): Innovate Fund, TD Community Development Corporation

Project ONE is a complex urban, mixed-use development located in the heart of downtown Greenville.

Highland Bakery Company (2012)

Spartanburg,
SC
(2012)

Business Development, Food Manufacturing, Manufacturing, Retail, Warehouse and Wholesale

CDE(s): Stonehenge Community Development

Acquisition and renovation of a food manufacturing facility.

Continental Tire

Sumter,
SC
(2012)

Business Development, Manufacturing

CDE(s): Chase, CRFUSA, Grow America, People Incorporated Financial Services, Urban America

NMTC equity allowed Continental Tire to expand their North American operations in the United States, rather than in another part of North America or South America.

Pinelands

Allendale,
SC
(2012)

Community, Energy, Manufacturing, Rural, Timber and Agriculture

CDE(s): Midwest Renewable Capital, Rural Development Partners

NMTCs were leveraged to build two identical 21 MW biomass generation facilities which will convert wood pulp and debris into electricity for use throughout South Carolina.

Riverwalk Project

Greenville,
SC
(2011)

Community, Mixed-use, Retail

CDE(s): Innovate Fund

In an effort to revitalize the Greenville community, RiverWalk was the “first-in” redevelopment initiated in the West End since the Great Recession began in 2007.

The Blood Connection, Incorproated

Piedmont,
SC
(2010)

Community, Healthcare

CDE(s): TD Community Development Corporation

Blood Connection is a non-profit for blood donors. NMTC financing supported construction, furniture, and fixtures associated with the Blood Connection’s property at the Matrix operation center.

Main at Broad

Greenville,
SC
(2009)

Infrastructure, Mixed-use, Retail, Transportation and Ports

CDE(s): Innovate Fund

A 6-story, 239,500-square-foot mixed-use project features 64,500 square feet of retail and office space; a 250-space 88,000-square-foot parking garage; a new 135-room, 87,000-square-foot Courtyard Marriott; and locally-owned Nantucket Seafood Grill.

NEXT Innovation Center

Greenville,
SC
(2009)

Business Development, Community, Incubator, Manufacturing

CDE(s): Innovate Fund

Competing in the world market for talent, technology, capital and jobs, the Upstate’s economic transition hinges on the ability to bridge its deep roots in manufacturing with an entrepreneurial environment

McBee Station

Greenville,
SC
(2008)

Grocery and Fresh Food, Housing, Mixed-use, Retail, Retail and Commercial

CDE(s): Wells Fargo

An infill mixed-use development includes 197 apartments, 22 condominiums, a one-acre bank site, 500 parking spaces in a two-level garage, 165 surface parking spaces and 79,716 square feet of retail

PruittHealth

Moncks Corner,
SC
(2008)

Adult Daycare, Community, Healthcare, Nursing Homes and Hospice

CDE(s): TD Community Development Corporation

Financing for a nursing home for long-term care.

Site visits and recent news related to South Carolina NMTC Projects

Rep. Ralph Norman (R-SC) tours Associated Hardwoods in Gaffney

Associated Hardwoods utilized NMTC funding to build and operate a sawmill in Gaffney, S.C., with an economic impact of $14.7 million estimated during the first four years of the project.

Learn more...

Dec-2018

Sen. Tim Scott (R-SC) tours Franklin School in Spartanburg

U.S. Sen. Tim Scott, R-S.C., called the Northside’s new Franklin School “a national model that everybody can follow” on Tuesday.

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Apr-2019

Rep. Clyburn (D-SC) on Hand as Orangeburg breaks ground on Railroad Corner redevelopment project

June 19, 2024

In Charleston, a Museum Honors a Journey of Grief and Grace

June 23, 2023

Bakery Near Hearon Circle is Getting Big Upgrade

April 9, 2019